Tag Archives: REIT

The Mercado Alternativo Bursátil (MAB), a sub-market of Bolsas y Mercados Españoles (BME), has submitted to the board of directors a favourable report on the Spanish REIT Optimum III Value-added Residencial Socimi, stating that the company is eligible for admission to the market, following a review of all the information presented by the company. The […]

Tikehau Capital has completed the purchase of 80% of the capital of Ireit Global Group, the manager of Ireit Global. Ireit Global is a real estate investment trust listed in Singapore investing directly and indirectly in a portfolio of real estate in Europe, used primarily for office purposes. The current portfolio consists of five freehold properties in Germany […]

Marc Haynes (pictured) is senior vice president EMEA at Cohen & Steers. Commercial property funds have proved enormously popular, with investors drawn to their strong returns, high income and portfolio diversification benefits. But in July, many popular ‘open-ended’ direct property funds were forced to suspend trading following a wave of redemptions unleashed by the Brexit […]

Brexit turmoil has unleashed a wave of redemptions in UK open-ended direct/private property funds, forcing a growing number of providers to suspend trading. The surprise is not the ‘gating’ of these funds, but that a key lesson from the last crisis has been ignored: open-ended funds are, in our opinion, fundamentally inappropriate vehicles for investing […]

Asset manager Imantia Capital has launched Reits Global, an equities Ucits fund investing in real estate vehicles. The fund will invest betweet 70% and 100% of its assets in equities issued by Reits listed on Europe, North America and Asia-Pacific, including emerging markets. It will invest in a range from 25 to 30 issuers, diversifying […]

The UK referendum has hit the UK listed real estate sector hard. For June, it was down 9.5% in local currency terms and down 16.7% in USD terms, taking into account the steep fall in sterling. Despite the UK referendum, global listed real estate returned 3.7% in June, outperforming global equities which registered a 1.2% […]

Paris-headquartered Tikehau Capital has entered into exclusive negotiations to acquire 80% of the shares of Ireit Global Group Pte. Ltd., the manager of Ireit Global. Ireit Global is a real estate investment trust listed in Singapore investing directly and indirectly in a portfolio of real estate through Europe as well as real estate-related assets. Tikehau’s offer, which […]

An association gathering Belgian real estate investment trusts (BE-REIT) has been launched. The sector counts 17 listed companies that weigh around €13bn in assets. It aims to provide a forum that will develop and back all initiatives relative to the area of Belgian real estate investment trusts. The BE-REIT association is chaired by Laurent Carlier. […]

John Angell has been appointed as AMP Capital head of Distribution for the UK and Europe. AMP Capital is bolstering its distribution capabilities in key regions, with Angell leading efforts in the UK and Europe and Richard Shields now focusing solely on the Middle East as AMP Capital Managing Director, Middle East. Angell will be […]

BlackRock has launched the iShares MSCI Target UK Real Estate Ucits ETF with the aim of achieving risk and return profile similar to physical real estate. The firm has launched similar ETF providing targeted exposure to US real estate in January. This ETF offers exposure to UK real estate with expectations to reflect the characteristics of […]

Spanish real estate investment trust Merlin Properties estimates a cash distribution of over €60m for 2015 financial year, as notified by the company to the CNMV (Spanish Stock Market Authority). This remuneration, which will be paid fully in cash, will amount to over €0.45 per share, distributed partly as a dividend and partly as a share […]

Changes to Italy’s REIT rules will significantly enhance the appeal of the country’s listed property sector to international investors, encouraging more investment in Italian real estate and allowing local companies that adopt the status to compete on a more equal basis with REIT regimes in other countries, the European Public Real Estate Association (EPRA) said. […]